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75% of Healthcare Organizations Fall for Ransomware Attacks – Sophos Report

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Sophos, a global leader in innovating and delivering cybersecurity as a service, on Thursday shared its sector survey report, “The State of Ransomware in Healthcare 2023,” which revealed that, among those organizations surveyed, cybercriminals successfully encrypted data in nearly 75% of ransomware attacks.

This is the highest rate of encryption in the past three years and a significant increase from the 61% of healthcare organizations that reported having their data encrypted last year.

In addition, only 24% of healthcare organizations were able to disrupt a ransomware attack before the attackers encrypted their data—down from 34% in 2022; this is the lowest rate of disruption reported by the sector over the past three years.

“To me, the percentage of organizations that successfully stop an attack before encryption is a strong indicator of security maturity. For the healthcare sector, however, this number is quite low—only 24%. What’s more, this number is declining, which suggests the sector is actively losing ground against cyberattackers and is increasingly unable to detect and stop an attack in progress.

“Part of the problem is that ransomware attacks continue to grow in sophistication, and the attackers are speeding up their attack timelines. In the latest Active Adversary Report for Tech Leaders, we found that the median time from the start of a ransomware attack to detection was only five days. We also found that 90% of ransomware attacks took place after regular business hours.

“The ransomware threat has simply become too complex for most companies to go at it alone. All organizations, especially those in healthcare, need to modernize their defensive approach to cybercrime, moving from being solely preventative to actively monitoring and investigating alerts 24/7 and securing outside help in the form of services like managed detection and response (MDR),” said Chester Wisniewski, director, field CTO, Sophos.

Additional key findings from the report include:

·       In 37% of ransomware attacks where data was successfully encrypted, data was also stolen, suggesting a rise in the “double dip” method

·       Healthcare organizations are now taking longer to recover, with 47% recovering in a week, compared to 54% last year

·       The overall number of ransomware attacks against healthcare organizations surveyed declined from 66% in 2022 to 60% this year

·       Compromised credentials were the number one root cause of ransomware attacks against healthcare organizations, followed by exploits

·       The number of healthcare organizations surveyed that paid ransom payments declined from 61% last year to 42% this year. This is lower than the cross-sector average of 46%

 “In 2016, the Red Cross Hospital of Córdoba in Spain suffered a ransomware attack that reached servers and encrypted hundreds of files, medical records and other important patient information. It was a major disruption to our operations and interfered with our ability to care for our patients.

“The stakes are high in ransomware attacks against healthcare organizations—and attackers know that—meaning we’ll always be a target. After this ransomware attack, we worked hard with Tekpyme to bolster our defenses, and now we have reduced our incident response time by 80%.

“I think the industry as a whole is making improvements, but there is still work to do, because of the constantly changing nature of cybercrime.

“Hopefully healthcare organizations can leverage the help that is available from security vendors such as Sophos to prevent a very real ‘threat to life’ if systems go offline due to a ransomware attack,” said José Antonio Alcaraz Pérez, head of information systems and communications at Cruz Red Andalusia in Spain.

“Cyberspace today is ripe with technically sophisticated actors looking for vulnerabilities to exploit. What all this translates to is a multidimensional cyberthreat of actors who have the tools to paralyze entire hospitals. Partnering with the private sector is critical to our mission. The information [they] share has real-world impacts and can save real businesses and real lives,” said Christopher Wray, FBI Director.

Sophos recommends the following best practices to help defend against ransomware and other cyberattacks:

·       Strengthen defensive shields with:

o   Security tools that defend against the most common attack vectors, including endpoint protection with strong anti-ransomware and anti-exploit capabilities

o   Zero Trust Network Access (ZTNA) to thwart the abuse of compromised credentials

o   Adaptive technologies that respond automatically to attacks, disrupting adversaries and buying defenders time to respond

o   24/7 threat detection, investigation and response, whether delivered in-house or by a specialized Managed Detection and Response (MDR) provider

·       Optimize attack preparation, including regularly backing up, practicing recovering data from backups and maintaining an up-to-date incident response plan

·       Maintain security hygiene, including timely patching and regularly reviewing security tool configurations

 To learn more about the State of Ransomware in Healthcare 2023, download the full report from Sophos.com.

The State of Ransomware 2023 survey polled 3,000 IT/cybersecurity leaders in organizations with between 100 and 5,000 employees, including 233 from the healthcare sector, across 14 countries in the Americas, EMEA and Asia Pacific.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Aleph Paves the Way for MSME Success in Nigeria with Launch of Aleph Express

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Aleph Group, Inc, an ecosystem of global digital experts and technology-driven solutions that enables the growth of digital marketing, has announced the launch of Aleph Express, its proprietary solution for micro, small and medium-sized enterprises (MSME) in Nigeria.

In one simple and intuitive app, Aleph Express provides a platform for MSMEs to create and maintain a free e-commerce website, create a product catalog, set local delivery options, manage, record and process orders while gaining meaningful insights to drive growth.

Most innovatively, Aleph Express provides one unified inbox that integrates Whatsapp, Messenger, and Instagram, to enable businesses to efficiently engage and sell – all in one place.

In addition, Aleph Express provides local payment solutions and support, creating a holistic offer for Nigeria’s thriving MSME sector.

According to the National Bureau of Statistics, Nigeria is home to more than 41 million MSMEs and contributed 49% of the country’s GDP in the last five years. 42% of MSMEs in the country – equivalent to more than 17 million businesses – operate within the wholesale and retail trade industry.

However, 97% of Nigeria’s retail industry is made up of traditional – largely offline – channels. Aleph Express’ solution, which takes all the heavy lifting out of starting and managing an online shop, will offer an opportunity for retailers to evolve traditional retail channels and capture online growth.

The launch of Aleph Express forms a key part of Aleph’s strategy to provide localised and actionable technology for advertisers and MSMEs alike. From its teams on the ground, Aleph offers unrivalled, local support to enable its partners to overcome in-market challenges and create valuable opportunities. Aleph, through its legacy brand Ad Dynamo, has been supporting Nigerian advertisers since 2009.

Matthieu Laporte, Vice President of SMB at Aleph, commented: “Micro, small and medium-sized enterprises are the backbone of the Nigerian economy. With Aleph Express, we enable them to create digital storefronts to attract more customers not only in their neighbourhood but across the country and the region.

“Our dedicated local teams support businesses and entrepreneurs new to this form of commerce and aim to onboard 10,000 monthly active merchants by the end of 2023.”

Approximately 90% of MSMEs in Nigeria use social platforms in one way or another to connect to customers, Aleph Express is a one-stop shop to accelerate businesses’ outreach to clients and potential new clients across the country.

Stephen Newton, Managing Director – Sub Saharan Africa at Aleph, added: “The launch of Aleph Express is a premiere – we are proud that Nigeria has been selected by Aleph as the first market to launch.

“This also marks a milestone in our offering, as Aleph Express is specially tailored for small and medium businesses, enabling these entrepreneurs to leverage the power of social platforms for their growth. With our local team standing by and supporting SMBs, I am confident that we are spearheading a revolution in this field.”


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Maida Pledges Support Meta on Undersea Cable Initiative

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Dr. Aminu Maida, Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), has said the support of the Commission awaits law-abiding investors like Meta, (formerly Facebook), which responds positively to Nigeria’s desire for investments that promote the agenda of government to achieve a robust digital economy.

Maida, who spoke when he received a delegation of Meta, led by the company’s Vice President for Africa, the Middle-East and Turkey, Kojo Boakye, when they visited NCC’s headquarters in Abuja, said the regulatory support to all investors, including operators in Nigeria, will be predicated on their playing by the rules and regulations guiding the sector.

He said the Commission places a lot of premium on compliance to industry laws, regulations and guidelines as such will also engender a level-playing field for all licensees and other stakeholders in the industry for sustaining a healthy competition and guaranteeing a sustainable growth in the Nigerian telecoms sector.

Boakye informed NCC boss that the purpose of the visit was to congratulate the EVC on his appointment by the President and to intimate him of ongoing efforts to land 2Africa Cable in Nigeria.

At 45,000 kilometres long, Boakye said the 2Africa submarine cable will be one of the world’s largest subsea cable projects and will interconnect Europe (eastward via Egypt), Asia (via Saudi Arabia), and Africa.

He said the system will go live in 2023, delivering more than the total combined capacity of all subsea cables currently serving Africa, with a design capacity of up to 180 terabytes per second (Tbps).

Boakye stated that 2Africa will deliver much-needed Internet capacity and reliability across large parts of Africa, supplement the fast-growing capacity demand in theMiddle East and underpin further growth of 4G, 5G and fixed  broadband access for billions of people, especially in Nigeria.

He solicited NCC’s support in sailing through all necessary legal and regulatory hurdles in landing the submarine cable to complement existing backbone infrastructure in Nigeria.

He also said Meta, through a consortium, plans to land 2Africa cable simultaneously in Lagos and Akwa-Ibom States “in order to ensure those not yet connected are connected while those already connected are given opportunity for enhanced and affordable access.”


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MTN PR Manager Earns a PhD as Pan-Atlantic University Convocates 11 Doctoral Graduates

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Lakinbofa Goodluck, MTN Nigeria’s PR Manager, was one of 11 doctoral graduates at the Pan-Atlantic University’s (PAU) convocation on December 2, 2023.

He was awarded a PhD certificate for his laudable research thesis on Nigeria’s film industry titled ‘Defining the Christian Film in the Nollywood Film Industry’. He sought to understand the meaning-making process between the filmmaker/creative collaborators and the audience through the lens of genre.

Amidst the vibrant event, where attendees adorned varied hoodies and regalia, the university celebrated a total of 206 graduands. These individuals were acknowledged for enduring academic rigour and demonstrating mastery of knowledge and the requisite character to contribute meaningfully to society.

During his address, the Pro-Chancellor of the university and former Minister of Foreign Affairs, Mr. Odein Ajumogobia SAN, commented on the potential interference of artificial intelligence on learning. He emphasized the importance of experiential learning to foster independent analysis and thought.

“It is only in continuing to challenge students to analyse, evaluate and create that we can maintain the core essence of tertiary education and produce graduates who are equipped to navigate the complexities of the future,” he stated.

PhD is the peak of formal education and only intensely disciplined, determined and curious people dare to attain it.

Reflecting on the significance of achieving a PhD, Lakinbofa shared, “This is not just a personal achievement; it’s a tribute to the relentless pursuit of knowledge and the boundless curiosity that drives me. Exploring the intricacies of Nigeria’s film industry in my thesis was a rewarding journey into the world of genre and audience engagement.

“As one of the 11 Doctoral graduates, I stand amidst a cohort of individuals charged to contribute significantly to society. I acknowledge both the burden and the fulfilment.”

Given the rapid progress of the Nigerian film industry and its substantial contribution to the nation’s economy, Lakinbofa’s study promises to provide stakeholders with invaluable insights.

 

 

 

 


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